The latest report on “ (Product – Urinary Catheters, Vaginal Slings, Electrical Stimulation Devices, Artificial Urinary Sphincters, and Other Products; Category – External Urinary Incontinence Devices, and Internal Urinary Incontinence Devices; Incontinence Type – Stress Incontinence, Urge Continence, Overflow Incontinence, and Functional Incontinence; End User – Hospitals, Clinics, and End Users): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global urinary incontinence devices market is projected to grow at a CAGR of 10.8% over the forecast period of 2019-2025.
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Urinary incontinence is one of the highly dominant and largely underreported and undiagnosed urological disorders globally. It affects millions of people and has a severe impact on psychological, physical, as well as emotional health. Several factors such as obesity, pregnancy and childbirth, urethral sphincters, weak pelvic floor muscles, urinary tract infection, and neurological disorders are the major reasons behind urinary incontinence. The urinary incontinence devices market is expected to grow at a rapid speed during the forecast period.
Growing Demand for Minimally Invasive or Surgical Products is the Major Factor Driving the Growth of the Urinary Incontinence Devices Market
Growing demand for minimally invasive or surgical products is the major factor driving the growth of the urinary incontinence devices market. Urinary Incontinence affects 200 million people worldwide. Nearly 25 million adult Americans are suffering from some form of urinary incontinence, out of which 75-80% of those are women. Pregnancy, childbirth, and menopause are major reasons for the increased prevalence of incontinence in women as compared to men. Urinary incontinence is highly underreported mainly due to embarrassment to speak about it.
Furthermore, an increase in the geriatric population also propels the growth of the market across the globe. However, factors such as less awareness of innovative developments and post-operative problems related to the devices may hinder the growth of the urinary incontinence devices market over the forecast period. Moreover, the growth of healthcare expenditure in developing economies creates opportunities for market growth.
North America Holds the Largest Maximum Market Share and is Expected to Dominate the Urinary Incontinence Devices Market
North America holds the largest maximum market share and is expected to dominate the urinary incontinence devices market over the forecast period. This is attributed to the rising presence of urology specialized hospitals and clinics and training sessions conducted by end users to train professionals. Furthermore, a rise in demand for minimally invasive surgery/devices for urinary incontinence treatment and rapidly growing geriatric population are the other major factors for the growth of the urinary incontinence devices market in the North American region. The Asia Pacific is expected to account for the significant market share in the urinary incontinence devices market during the forecast period. This is primarily due to the large urinary incontinence patient base in highly populated countries such as India and China.
Segment Covered
The report on global urinary incontinence devices market covers segments such as product, category, incontinence type, and end user. On the basis of product, the sub-markets include urinary catheters, vaginal slings, electrical stimulation devices, artificial urinary sphincters, and other products. On the basis of category, the sub-markets include external urinary incontinence devices and internal urinary incontinence devices. On the basis of incontinence type, the sub-markets include stress incontinence, urge continence, overflow incontinence, and functional incontinence. On the basis of end-user, the sub-markets include hospitals, clinics, and end-users.
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Companies Profiled:
The report provides profiles of the companies in the market such as Atlantic Therapeutics, Medtronic, B. Braun Melsungen AG, Boston Scientific Corporation, ConvaTec Group PLC, Teleflex Incorporated, Hollister Incorporated, Zephyr Surgical Implants, Coloplast A/S, and Flexicare Medical Limited.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the urinary incontinence devices.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.